How often are Financial Aid credit balances refunded?
Financial Aid refunds are processed daily. Most Financial Aid payments greater than your account balance will be refunded to you. A refund check will be mailed to the student or direct deposited into your bank account (if you elected direct deposit). The refund check or direct deposit will be made to the parent if it was created from a PLUS (Parent Loan for Undergraduate Students) payment and the parent borrower requested the refund. If a student has received financial aid and adjusts their schedule during the drop/add period refunds for tuition and fees may need to be adjusted. Financial Aid payments made before the adjustments may need to be charged back to the student account.
